Feeds

PalmSource forecasts Q3 breakeven

Big loss on rising revenue in Q2, though

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Palm OS owner PalmSource yesterday reported revenues of $16.8 million for Q2 2004, its first fiscal quarter as company in its own right.

That figure marks a 13 per cent increase over the same period last year, at which point PalmSource was operating as an independent business within Palm, now renamed PalmOne following last October's split with PalmSource.

However, the gain wasn't enough to turn the company around. Quite the reverse: it lost $9.1 million (89 cents a share) during the quarter, which ended on 28 November, compared to an $8.3 million loss this time last year.

PalmSource's margins stand at 94 per cent, up from 81 per cent last year. During Q2, license and royalty revenues increased by 14 per cent to $15.5 million.

Looking ahead, PalmSource said it expects revenues to grow during Q3 to reach between $20 million and $22 million. It also expects its loss to shrink - we'd hope so, given those margins - to $2 million and possibly even to zero. ®

Related Story

PalmOne makes Q1 loss

Security for virtualized datacentres

More from The Register

next story
HBO shocks US pay TV world: We're down with OTT. Netflix says, 'Gee'
This affects every broadcaster, every cable guy
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.